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Upturn AI SWOT - About
IQ MacKay Municipal Insured ETF (MMIN)
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Upturn Advisory Summary
10/24/2025: MMIN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 1.99% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/24/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.19 | 52 Weeks Range 22.15 - 24.03 | Updated Date 06/29/2025 |
52 Weeks Range 22.15 - 24.03 | Updated Date 06/29/2025 |
Upturn AI SWOT
IQ MacKay Municipal Insured ETF
ETF Overview
Overview
The IQ MacKay Municipal Insured ETF (MUNI) seeks to provide current income exempt from federal income tax by investing primarily in investment-grade municipal bonds that are insured as to the payment of principal and interest.
Reputation and Reliability
IndexIQ is known for offering innovative and alternative ETFs, often focusing on specific segments or strategies within the broader market. They are a reputable issuer with a focus on providing diverse investment options.
Management Expertise
MacKay Shields LLC serves as the investment adviser for the ETF, bringing considerable fixed income expertise and a disciplined approach to municipal bond investing.
Investment Objective
Goal
To provide current income exempt from federal income tax.
Investment Approach and Strategy
Strategy: The ETF invests primarily in investment-grade municipal bonds that are insured as to the payment of principal and interest.
Composition Primarily holds insured municipal bonds.
Market Position
Market Share: Data needed from a financial data source to determine the precise market share.
Total Net Assets (AUM): Data needed from a financial data source to determine the Total Net Assets (AUM).
Competitors
Key Competitors
- VTEB
- ITM
- PZA
- HYMB
Competitive Landscape
The municipal bond ETF market includes funds that track broad market indexes, high-yield municipal bonds, and other specialized segments. MUNI differentiates itself by focusing on insured municipal bonds. Advantages include the added safety of insurance. Disadvantages might include potentially lower yields compared to non-insured or high-yield alternatives.
Financial Performance
Historical Performance: Historical performance data required from a financial data source.
Benchmark Comparison: Benchmark data required from a financial data source for comparison.
Expense Ratio: 0.27
Liquidity
Average Trading Volume
Average trading volume data required from a financial data source to asses the liquidity of the ETF.
Bid-Ask Spread
Bid-ask spread data required from a financial data source to understand the trading cost of the ETF.
Market Dynamics
Market Environment Factors
Interest rate movements, tax policy changes, and the overall health of municipal finance significantly affect MUNI. Demand for tax-exempt income can fluctuate based on broader economic conditions and legislative changes.
Growth Trajectory
Growth depends on the availability of suitable insured municipal bonds, investor demand for tax-advantaged income, and the competitive landscape of the ETF market. Any shift in strategy or significant changes in holdings would influence the ETF's future performance.
Moat and Competitive Advantages
Competitive Edge
MUNI's focus on insured municipal bonds provides a unique competitive advantage by appealing to risk-averse investors seeking income and safety. The insurance component offers added protection against default, making it attractive in uncertain economic environments. The expertise of MacKay Shields in fixed-income management further strengthens its position. This combination of insurance and experienced management creates a compelling offering in the municipal bond ETF space.
Risk Analysis
Volatility
Volatility data required from a financial data source.
Market Risk
The primary market risk is related to interest rate sensitivity; rising interest rates can negatively impact bond prices. Credit risk is mitigated by the insurance on the bonds, but there's still counterparty risk associated with the insurance provider.
Investor Profile
Ideal Investor Profile
The ideal investor is a risk-averse individual seeking tax-exempt income and a higher degree of safety compared to uninsured municipal bonds. It's well-suited for those in higher tax brackets looking to minimize their federal income tax liability.
Market Risk
MUNI is best for long-term investors seeking stable, tax-advantaged income and prioritizing capital preservation over high growth.
Summary
The IQ MacKay Municipal Insured ETF (MUNI) offers tax-exempt income through insured municipal bonds, appealing to risk-averse investors. MacKay Shields' management expertise and the insurance component provide added security. The ETF is best suited for long-term investors seeking stable income and capital preservation. However, potential investors should consider interest rate risk and the cost of insurance premiums that may affect overall returns. MUNI's success depends on managing risk and meeting investor demand for insured municipal bonds.
Peer Comparison
Sources and Disclaimers
Data Sources:
- IndexIQ
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share and AUM data are dependent on live data feeds and may be delayed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About IQ MacKay Municipal Insured ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in: (i) debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal Income tax (Municipal Bonds); and (ii) debt securities covered by an insurance policy guaranteeing the payment of principal and interest.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.